Michael J. Murray - 03 May 2023 Form 4 Insider Report for HORTON D R INC /DE/ (DHI)

Signature
/s/ Michael J. Murray
Issuer symbol
DHI
Transactions as of
03 May 2023
Transactions value $
-$4,519,972
Form type
4
Filing time
05 May 2023, 12:21:50 UTC
Previous filing
24 Apr 2023
Next filing
10 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DHI Common Stock Options Exercise $1.43M +60K +23.88% $23.86* 311K 03 May 2023 Direct
transaction DHI Common Stock Sale -$5.95M -54K -17.35% $110.21 257K 03 May 2023 Direct F1, F2
holding DHI Common Stock 30.1K 03 May 2023 Held by Foundation controlled by Mr. Murray and members of his immediate family. F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DHI Stock Option (right to buy) Options Exercise $0 -60K -100% $0.00* 0 03 May 2023 Common Stock 60K $23.86 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The prices actually received ranged from $109.83 to $110.57. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Following all transactions listed on this Form 4, Mr. Murray owns directly 257,294 shares of DHI common stock and indirectly holds 30,057 shares of DHI common stock.
F3 Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of March 6. March 6, 2015 reflects the one-year anniversary date from the date of the stock option grant.